The disclosure requirements imposed by the EU Taxonomy Regulation upon Westernclear SA, Westernclear Investments and Westernclear Bank involve a detailed analysis of eligible economic activities pre-identified and reported in the FY 2021 disclosures.
Climate change mitigation – Sector 8.1 Data processing, hosting and related activities
Climate change adaptation – Sector 8.1 Data processing, hosting and related activities
Climate change adaptation – Sector 8.2 Computer programming, consultancy and related activities
For FY 2022, as required by the Regulation, we analysed whether:
these economic activities substantially contribute to one or more defined environmental objectives and technical screening criteria
do not significantly harm any of the other identified environmental objectives
whether the relevant Westernclear entity complies with certain minimum social safeguards
The proportion of turnover derived from products and services associated with such economic activities, and the proportion of capital expenditures and operating expenditures related to assets and processes associated with such economic activities was calculated (as per specific KPI’s) and disclosed.
As already concluded last year, Westernclear Bank, as a financial undertaking being part of a non-financial parent undertaking, does not have an obligation to provide separate Taxonomy disclosures in our sustainability report under the banking requirements.
